SYDNEY (Commodity Online): Newedge, a global leader in multi-asset brokerage, has been awarded top honors in two categories at the prestigious Energy Business Awards Asia (EBAA). Newedge Australia’s energy team won gold awards in the categories of Excellence in Energy Broking and Emission Markets Asia, two out of five areas recognized by the EBAA.
The results of the awards were announced and presented at the 25th APPEC Asia-Pacific Petroleum Conference in Singapore on November 3rd, 2009.Newedge Australia has been a global pioneer in environmental broking. The company executed the first brokered transaction in the Australian Carbon Pollution Reduction Scheme (CPRS). Newedge Australia was also the first broker to execute European Allowances (EUAs) and Certified Emission Reduction units (CERs) for the new CPRS.
“We are honoured to have received the awards, which are recognition for Newedge’s contribution to the development of the carbon emissions industry in Australia,” said Gary Cox, Vice President of Commodities, Newedge Australia.
Newedge Australia is a member of the Australia Financial Markets Association, Carbon Committee and a panel representative on the Garnaut Climate Change Review, as well as a foundation member of the Mercari environmental trading platform.
“Australia is developing a very active emissions trading market and continues to aspire to a leading role in the region,” said Pierre Gay, Newedge CEO for Asia Pacific. “Newedge is well-positioned, in terms of expertise and track record, to provide a premier service to our clients and participate in the development of an exciting market across Asia-Pacific.”
